The following table contains a reconciliation of GAAP net income per share to pro forma net income per share.
| Garmin Ltd. And Subsidiaries | |||||||||||||||||
| Net income per share (Pro Forma) | |||||||||||||||||
| (in thousands, except per share information) | |||||||||||||||||
| 13-Weeks Ended | 39-weeks Ended | ||||||||||||||||
| Sept 24, | Sept 25, | Sept 24, | Sept 25, | ||||||||||||||
| 2011 | 2010 | 2011 | 2010 | ||||||||||||||
| Net Income (GAAP) | $150,381 | $279,552 | $355,340 | $451,696 | |||||||||||||
| Foreign currency (gain) / loss, net of tax effects | ($12,795 | ) | ($27,784 | ) | ($11,062 | ) | $43,745 | ||||||||||
| One-time tax adjustment | - | ($114,605 | ) | - | ($114,605 | ) | |||||||||||
| Net income (Pro Forma) | $137,586 | $137,163 | $344,278 | $380,836 | |||||||||||||
| Net income per share (GAAP): | |||||||||||||||||
| Basic | $0.77 | $1.44 | $1.83 | $2.28 | |||||||||||||
| Diluted | $0.77 | $1.43 | $1.82 | $2.27 | |||||||||||||
| Net income per share (Pro Forma): | |||||||||||||||||
| Basic | $0.71 | $0.71 | $1.77 | $1.93 | |||||||||||||
| Diluted | $0.71 | $0.70 | $1.77 | $1.91 | |||||||||||||
| Weighted average common shares outstanding: | |||||||||||||||||
| Basic | 194,112 | 194,482 | 194,028 | 197,785 | |||||||||||||
| Diluted | 194,828 | 195,305 | 194,809 | 198,891 | |||||||||||||
